Asia Pacific Markets Trade Mixed as the Effect from Property Crisis in China Continues

On Tuesday morning (30 Jan, 9:38 AM, GMT+7, Bangkok time), major indices in Asia Pacific traded mixed as the effect of Evergrande’s liquidation order from yesterday continued to pressure the market. Meanwhile, Japan’s unemployment rate dropped to the lowest level since January 2023.


Japan’s NIKKEI increased by 0.16% to 36,084.96. South Korea’s KOSPI climbed by 0.5% to 2,513.06, and Australia’s ASX 200 surged by 0.39% to 7,608.

As for stocks in China, Shanghai’s SSEC decreased by 0.49% to 2,869.15. Shenzhen’s SZI edged down by 0.7% to 8,521.49, and Hong Kong’s HSI dropped by 1.89% to 15,773.13.


Meanwhile, the US stocks market edged higher on Monday as the Dow Jones Industrial Average (DJIA) rose by 0.59% to 38,333.45. NASDAQ grew by 1.12% to 15,628.04, and S&P 500 gained 0.76% to 4,927.93. VIX edged up by 2.56% to 13.6.


As for commodities, oil prices settled lower on Monday following the deepening real estate crisis in China, causing investors to raise concerns about oil demand in the country. Brent decreased $1.15 or 1.4% to $82.40 per barrel, and the West Texas Intermediate (WTI) slumped $1.23 or 1.6% to $76.78 a barrel.

This morning, Brent increased 36 cents or 0.44% to $82.76 a barrel, and WTI gained 28 cents or 0.36% to $77.06 per barrel. 

Meanwhile, gold futures rose by 0.2% to $2,029.5 per Troy ounce.